InvestorQ : What is the reason for the sharp rally in the stock of PNC Infratech?
Anamika Sodhani made post

What is the reason for the sharp rally in the stock of PNC Infratech?

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Angel dcosta answered.
5 months ago
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PNC Infratech stock was up 9% on 30 June at Rs.284 on heavy volumes. PNC gained nearly 15% in just 2 trading sessions after it announced that it had achieved strong order book position of Rs.11,600 crore. PNC Infratech operates largely in the business of roads and highways construction via EPC contracts. If you add up the 2 recent EPC road projects and 7 EPC water projects, order book will be closer to Rs.16,600 crore. That is the price booster.

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